Lexston Mining Corporation has appointed veteran geologist Buddy Doyle to its newly established advisory board, bringing four decades of mineral exploration experience to the company. The appointment comes alongside a stock option grant to certain directors, officers, and consultants for up to 400,000 common shares at $0.115 per share, exercisable for five years. This dual announcement represents a strategic move for Lexston as it seeks to enhance its exploration capabilities and align key personnel interests with shareholder value creation during its development phase.
Mr. Doyle's career includes over 23 years at Rio Tinto PLC, where he most recently served as Exploration Vice President of Kennecott Canada Exploration Inc., overseeing diamond exploration across North America. He played a significant role in the discovery of the multi-million-ounce Minifie gold deposits at Lihir during 1987-1988 and led the team that discovered the Diavik diamond deposits in 1994-1995. Recognized as an expert in diamond exploration and kimberlite geology, he received the Hugo Dummitt Award for excellence in diamond exploration in 2007. His proven track record in major discoveries across different mineral types provides Lexston with valuable expertise as it develops its portfolio of exploration projects.
Since leaving Rio Tinto, Mr. Doyle has remained active in the mining sector through consulting and directorships. He served as CEO of Amarillo Gold from 2004 to 2017, overseeing a near-production gold project in Brazil, and was a founder and director of Western Potash from 2007 to 2017, contributing to the discovery and development of the operational Milestone Potash Project in Saskatchewan. He is also a Fellow of AusIMM, a professional mining association. This extensive background across various mineral types and project stages makes his appointment particularly significant for Lexston's growth strategy.
The company has created an Advisory Board for talented and accomplished individuals in the mining industry, said Jag Bal, CEO of Lexston Mining Corporation. We are very pleased to have Buddy Doyle be our first member of the board. He is very accomplished in exploration, and we look forward to his input in our exploration portfolio. The stock options granted have a hold period expiring April 15, 2026, in accordance with Canadian Securities Exchange policies and applicable securities laws. This incentive structure ensures that key personnel remain committed to the company's long-term success as it advances its mineral projects.
Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects in British Columbia and Nevada. The company's shares trade on the OTCQB Venture Market, where investors can access real-time quotes and market information at https://www.otcmarkets.com. The appointment of Mr. Doyle represents a strategic enhancement of the company's technical expertise as it positions itself for future exploration success. His involvement signals Lexston's commitment to leveraging top-tier geological knowledge to identify and develop valuable mineral resources, potentially increasing investor confidence in the company's ability to execute its exploration strategy effectively.
